Mirova invests EUR 65 million in Nordic energy storage

The investment fund Mirova has decided to commit EUR 65 million to the development of energy storage facilities being built by Ingrid Capacity in the Nordic countries. This is another example of growing interest among institutional investors in the energy storage sector in Europe.

Capital is flowing into energy storage

Investors increasingly see energy storage as a stable and promising asset that supports the development of renewable energy sources by increasing the flexibility of power systems. Mirova's investment shows that private capital sees real growth potential in this sector.

• Investor: Mirova
• Investment value: EUR 65 million
• Project developer: Ingrid Capacity
• Region: Nordic countries

The European context

Similar transactions are currently being observed in many parts of Europe – from large infrastructure funds to local developers who see energy storage as a way to complement the variable output of solar and wind farms. The development of this market segment facilitates the integration of renewable energy sources with the power grid.

The inflow of capital into the energy storage sector is good news for the entire renewable energy industry – it means that investors regard storage as a lasting and important element of the future energy system, rather than merely a niche technology.

NRG+ is developing similar solutions in Poland, delivering energy storage and photovoltaic farm projects based on land leases.